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perpetual-last expert answered incorrectly please help Check my work mode : This shows what is correct or incorrect for the work you have completed so
perpetual-last expert answered incorrectly please help
Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate 12 Required information Use the following informat 1 for the Exercises below. The following information applies to the questions displayed below.) Laker Company reported the following January purchases and sales data for its only product. Units Aequired at Cost 150 unitse $7.50 - $1,125 Units sold at Retail 110 units @ $16.50 Date Activities Jan. 1 Beginning inventory Jan. 10 Sales Jan. 20 Purchase Jan. 25 Sales Jan. 30 Purchase Totals 80 units $6.50 520 90 unitse $16.50 200 unitoe $6.00 - 430 units 1,200 $2,845 200 units The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 230 units, where 200 are from the January 30 purchase, 5 are from the January 20 purchase, and 25 are from beginning inventory. Exercise 5-3 Perpetual: Inventory costing methods LO P1 Required: 1. Complete the table to determine the cost assigned to ending inventory and cost of goods sold using specific identification. 2. Determine the cost assigned to ending inventory and to cost of goods sold using weighted average. 3. Determine the cost assigned to ending Inventory and to cost of goods sold using FIFO. 4. Determine the cost assigned to ending inventory and to cost of goods sold using LIFO. Answer is not complete. WELCIU VALUVAIGISTIH VIY ULUSL Vi vua au van FCU Uvuus. Required information Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Complete the table to determine the cost assigned to ending inventory and cost of goods sold using specific identification. (Round cost places.) Specific Identification Available for Sale + Cost of Goods Sold Purchase Dato Activity Units Unit Cost Units Sold Unit Cost COGS Unit Jan. 1 150 938 Beginning inventory Purchase 125 $ 7.50 75 $ 6.50 $ 7.50 S 6.50 $ 200.00 $ $ Ending Inventory Ending Cost Ending Inventory- Per Inventory- Units Cost 25 $ 7.50 188 5 $ 6.50 33 200 $ 40,000 200.00 230 s 40,221 Jan. 20 80 488 un en en Jan. 30 Purchase 200 0 O 430 200 $ 1.426 Required 1 Required 2 > Prey 1 2 of 6 Next > Leu R UUEDLI UWE VUUWIE LUB VEUW Required Information Required 1 Required 2 Required 3 Required 4 Detee the cost assigned to ending Inventory and to cost of goods sold using weighted average. (Round cost per unit to 2 decim Weighted Average - Perpetual: Goods Purchased Cost of Goods Sold Inventory Balance Cost # of Cost Cost Date per # of units sold per Cost of Goods Sold units # of units per Inventory Balar unit unit unit January 1 150 $ 7.50 $ 1.125 January 10 110 @ $ 7.50 825.00 40 @ $ 7.50 S 300 @ > $ 11 January 20 80 @ $ 6.50 > 40 le $ 7.50 $ 300 80 @ $ 6.50 = 520 Average cost 120 @ $ 820 90 @ $ 6.83 $ 614.70 30 @ $ 6.83 $ 20 # January 25 January 30 Totals $ 1,439.70 $ 230.00 Prov 6 3 1 Nevt LURELE UGLUR UV COLETIN VUS WEIDH LE LUB Uru. Required information Required 1 Required 2 Required 3 Required 4 Determine the cost assigned to ending inventory and to cost of goods sold using FIFO. (Round cost per unit to 2 decimal places.) Perpetual FIFO: Goods Purchased Cost Cost of Goods Sold Cost # of units sold per Cost of Goods Sold unit Inventory Balance Cost per Inventory Balance unit #of units Date #of units per unit 150 $ 7.50 = $ 1,125.00 January 1 110 @ $7.50 $ s 825.00 40 $ 7.50 > @ 300.00 January 10 $ 7.50 11 120 $ 900.00 January 20 80 @ $ 6.50 S @ @ 0 $ 6.50 $ 900.00 $ 225.00 S 7.50 90 @ $ 675.00 January 25 x x $ 7.50 $6.50 30 X @ o @ $ 6.50 II = 0 0.00 675.00 $ 225.00 $ $ 1,725.00 200 January 30 $6.00 @ 230 X @ 0 @ @ $ 7.50 $ 6.50 $ 6.00 0 X $ 1,725.00 $ 1,500.00 Totals - Prey 1 2 of 6 Next > LURIEL SUUDLIURUVCHILEU Vuute GIRL LOUD VEIV. Required information Required 1 Required 2 Required 3 Required 4 Determine the cost assigned to ending inventory and to cost of goods sold using LIFO. (Round cost per unit to 2 decimal places.) Perpetual LIFO: Goods Purchased Cost # of Date per units unit January 1 Cost of Goods Sold Cost # of units sold per Cost of Goods Sold unit Inventory Balance Cost per Inventory Balance unit # of units 150 @ $ 7.50 $ 1,125.00 110 $ @ 825.00 $ 7.50 = 40 S @ $ 7.50 300.00 January 10 January 20 oo 40 $ $ 7.50 $ 6.50 300.00 80@ @la 150 $ 6.50 = 975.00 $ 1,275.00 90 X $ 675.00 = January 25 $7.50 $6.50 0 X 100 @ $ 7.50 S 6.50 0 x @ 0.00 $ S 650.00 650.00 $ 675.00 $ January 30 200 $6.00 100 X @ 200 @ @ $ 7.50 $ 6.50 $ 6.00 750.00 1,300.00 $ 1,500.00 $ 2,050.00 Totals Step by Step Solution
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